The real estate sector faced significant losses due to dimming hopes of interest rate cuts, while broader markets witnessed declines in Nifty Midcap and Small Cap indices by 7.38% and 9.41%, respectively. Analysts suggest cautious trading with a focus on banking stocks for stability and emphasize the importance of managing risk in a volatile market.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj